General Partnership Operating Agreement Template for India

1. Intellectual Property Rights: Provisions regarding ownership and use of intellectual property, necessary when the partnership's business involves significant IP assets

2. Insurance: Requirements for business insurance coverage, relevant when specific insurance needs exist

3. Employee Management: Framework for hiring and managing employees, necessary when the partnership plans to have employees

4. Technology and Data Protection: Provisions for IT systems and data protection, important for technology-focused partnerships

5. Environmental Compliance: Environmental obligations and compliance requirements, necessary for businesses with environmental impact

6. Foreign Investment Provisions: Special provisions related to foreign partners or investment, needed when foreign partners are involved

7. Branch Offices: Provisions for establishing and managing branch offices, relevant for partnerships planning geographic expansion

8. Succession Planning: Detailed succession arrangements for partners, important for family businesses or long-term partnerships

1. Schedule A - Capital Contributions: Detailed breakdown of each partner's initial and committed capital contributions

2. Schedule B - Profit Sharing Ratios: Specific percentages or formulas for profit and loss distribution

3. Schedule C - Partner Information: Detailed information about each partner, including contact details and nominees

4. Schedule D - Business Plan: Initial business plan and strategic objectives of the partnership

5. Schedule E - Property Details: List and details of partnership property and assets

6. Schedule F - Management Responsibilities: Detailed allocation of management duties and responsibilities

7. Appendix 1 - Partnership Policies: Standard operating procedures and internal policies

8. Appendix 2 - Compliance Checklist: List of regulatory compliance requirements and deadlines